When you apply for a quick personal loan from a reputable and legit lender, your financial information and income will be checked. However, be cautious of online lenders who want to take advantage of your situation to hook you into a loan with sky-high interest rates, fees, and costs. To get instant cash safely:
Alternatively, you can consider the cash advance. To get a cash advance, you simply take your credit card to a bank or an ATM and your credit card will get charged and they will give you the cash in return.
However, you have to keep in mind that you will face a cash advance fee ranging of between 3 to 5 percent. You will get an average of 25% APR- credit card interest. The remaining balance will amass interest on a monthly basis until you complete repaying the loan. Due to these high costs, it’s advisable to get a loan with a cash advance.
Discuss and agree on terms and conditions. Discuss how often you’ll make the installments and if you’ll pay interest. Take initiative to sign a promissory note. Furthermore, it’s the best way to protect the relationship and finances.
Alternatively, you can get instant cash from a relative or a friend and then request for a personal loan. Once the loan is funded, you’ll then repay the relative or friend right away.
Often, the lenders will consider two factors when you request for a personal loan: your ability to repay the loan and your credit score. As a borrower, you don’t need to give any collateral like a car or a house to back their loan. Instead, they will pay close attention to your credit history, bank account, and other factors like income.
Credit Card – Your credit card gives a reflection of your ability to pay back the offered loan. Some lenders are more lenient than others based on the scores they’ll accept. To improve your credit score, you have to pay your bills on time, lower your debt and maintain your credit card accounts- whether used or unused.
Other qualifications include:
If you need instant cash, we can connect you to reliable lenders who will help you get the money you need quickly. Our simple, secure, and fast procedure enables you to solve your financial urgency promptly. If you have bad credit or no credit at all, do not worry. We have many lenders in our network who will do their best to approve your loan request.